Vertical Future Collapses After Failing to Find Buyer
Vertical Future, a UK-based vertical farming company, has ceased operations after failing to secure a buyer. The firm's collapse follows a series of struggles faced by vertical farming companies in recent years.
Vertical Future attempted to raise £60m in a funding round in 2023 but only managed to secure £9.9m. In a bid to stay afloat, the company approached Saudi investors for a £3.2m loan, but it later defaulted on the payment. The firm's financial woes deepened in 2024, with losses surpassing £10m due to a significant drop in turnover. Despite putting itself up for sale in July, Vertical Future was unable to find a buyer. At the time of its collapse, the company owed creditors nearly £8m. The company's assets and intellectual property were eventually sold for £670,000 in August, leading to job losses.
The collapse of Vertical Future is part of a wider trend of vertical farming companies struggling with profitability. Jones Food Company, another UK-based vertical farm operator, also plunged into administration in May 2025. As the industry faces challenges, the future of vertical farming remains uncertain.
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